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The differences between planning analysts and material analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a planning analyst, becoming a material analyst takes usually requires 4-6 years. Additionally, a planning analyst has an average salary of $68,137, which is higher than the $66,092 average annual salary of a material analyst.
The top three skills for a planning analyst include project management, customer service and data analysis. The most important skills for a material analyst are supply chain, logistics, and MRP.
| Planning Analyst | Material Analyst | |
| Yearly salary | $68,137 | $66,092 |
| Hourly rate | $32.76 | $31.77 |
| Growth rate | 11% | 28% |
| Number of jobs | 92,380 | 48,758 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Average age | 44 | 48 |
| Years of experience | 4 | 6 |
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
A materials analyst is responsible for managing the assets and materials of an organization, ensuring the adequacy of office inventories to support business operational functions. Materials analysts identify cost-reduction materials by coordinating with trusted suppliers and third-party vendors. They handle the distribution of goods and order processes according to the company's supply chain management. A materials analyst must have excellent organizational and analytical skills, especially in conducting data and statistical analysis to obtain high-quality materials that would meet the customers' demands.
Planning analysts and material analysts have different pay scales, as shown below.
| Planning Analyst | Material Analyst | |
| Average salary | $68,137 | $66,092 |
| Salary range | Between $49,000 And $93,000 | Between $49,000 And $88,000 |
| Highest paying City | Washington, DC | Union City, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Meta | Micron Technology |
| Best paying industry | Automotive | Automotive |
There are a few differences between a planning analyst and a material analyst in terms of educational background:
| Planning Analyst | Material Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between planning analysts' and material analysts' demographics:
| Planning Analyst | Material Analyst | |
| Average age | 44 | 48 |
| Gender ratio | Male, 53.4% Female, 46.6% | Male, 53.4% Female, 46.6% |
| Race ratio | Black or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.6% White, 65.8% American Indian and Alaska Native, 0.2% | Black or African American, 9.0% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.6% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 7% |